This month marks the 30th anniversary of the 1991 reforms in India. There is intense commemoration of what is considered to have been a paradigm shift in Indian economic policies. Thirty years are rar...

As many as 23 bills will be tabled  in Parliament during the 19-day monsoon session starting next week. The focus is on the bill to amend the Insolvency and Bankruptcy Code and the amendment to t...

Jalan Kalrock Consortium, the winning bidder for the grounded Jet Airways, will make a total cash infusion of Rs 1,375 crore in the airline and lenders will take a steep haircut on their admitted clai...

The committee of creditors (CoC) of Dewan Housing Finance Ltd (DHFL) has voted against a proposal to raise payouts made to fixed deposit holders and non-convertible debenture (NCDs) investors. If the...

The Supreme Court has granted banks and other financial creditors the liberty to start recovery proceedings against the promoters of insolvent companies who had provided personal guarantees for loans ...

The Mumbai bench of the National Company Law Tribunal has directed the creditors of Dewan Housing Finance Ltd to consider the bid made by its disgraced owner Kapil Wadhawan, which they had cast aside ...

The RBI committee on asset reconstruction companies (ARCs), which will review the existing legal and regulatory framework applicable to these entities, has invited views and suggestions from stakehold...

The government has amended the insolvency law to provide for a pre-packaged resolution process for micro, small and medium enterprises to ensure a quicker, cost-effective and value maximising outcome ...

The Reserve Bank of India (RBI) has given the green signal to the Piramal group to acquire Dewan Housing Finance Ltd (DHFL). The banking regulator is learnt to have given its nod under the “fit...

The Reserve Bank of India has indicated that the true health of the Indian banking sector is much worse than what current statistics indicate. The commercial banking system’s gross non-performin...